ESG SUSTAINABLE JOURNEY WITH SHI
Samsung Heavy Industries will sail more vigorously to create sustainable value & a better future.
Our Commitment
we share our commitment for ESG management by establishing visions, targets and systems and continuing to conduct improvement activities.
We strive to minimize the environmental impact and contribute to creating an eco-friendly society.
We strive to respect the values of stakeholders and fulfill social responsibility.
We will continue to practice responsible business management based on transparent and sound governance system that can serve as corporate growth.
* This data is based on FY2022.
2022 ESG Highlights
GHG emissions reduction : 10.6 million tonnes
(based on ships deliveried in Jan.-Aug. 2022)
- GHG emissions reduced throughout the life cycle
- In Jan. - Dec. 2022, 17.5 million tonnes reduced
in 2022 at the National Human Resources Development Project Excellent Education Institution
(Samsung Heavy Industries Technology Training Institute)
- National Human Resources Development Project
- Industrial Transformation Joint Training Center Project
- K-digital Platform Project
- Possible to participate in government projects
ESG Roadmap
We have summarized the main status and plans of our ESG management roadmap.
As of July 2023, the second stage has been completed and the third stage is being promoted.
ESG Management Beginning (2021)
- Establishing of carbon net zero roadmap and 7 tasks of environmental management
- Appointed CSO
- building Covid-19 emergency response system
- Establishing ESG Vision, strategy, action plan
- Establishing a virtuous cycle of ESG
(Evaluation analysis → Task discovery/Promotion → Response)
First year of ESG Management (2022 - First Half of 2023)
- Revised Carbon net zero Roadmap
- Development of Scope 3 GHG emissions calculation method and calculation & verification
- Joining K-EV100 (Electric Vehicle transition) and UNGC Initiative
- Completion of the project to restore the ecological environment(uninhabited island near shipyard)
- Establishing principles/direction of Human Rights
- Legislating for 'Supplier code of conduct'
- Applying ESG KPI/MBO and systematic operation of ESG improvement tasks
- Introducing Board Skills Matrix
- ESG Training for Executive & Directors
Advanced ESG Management (Second Half of 2023-2025)
- Introducing internal carbon pricing in 2023
- Closing incinerator facilities in Geoje shipyard and Introducing self-generation(solor power) in 2023
- Introducing life cycle management (by ships), environmental Labels
- Establighing Scope 3 target and implementation plans (green equipment, etc.)
- Systematic operation of carbon & energy metering and reduction management
- Human rights impact assessment and supply chain due diligence process advancement
- Advanced AI-based smart HSE system
- Advanced supplier's ESG assessment and support
- Building a non-financial performance system based on ISSB
- Link to ESG performance based Compensation (executive, employee)
- Mapping our activities against a sustainability taxonomy(EU/Korea)